Stellantis

Stellantis N.V. is a multinational automotive manufacturing corporation formed from the merger of the Italian–American conglomerate Fiat Chrysler Automobiles (FCA) and the French PSA Group. The company is headquartered in Amsterdam. As of 2022, Stellantis was the fourth-largest automaker by sales, behind Toyota, Volkswagen Group, and Hyundai Motor Group. The company's stock is listed on the Borsa Italiana, Euronext Paris and the New York Stock Exchange. Stellantis designs, manufactures, and sells automobiles bearing its 16 brands: Abarth, Alfa Romeo, Chrysler, Citroën, Dodge, DS, Fiat, Fiat Professional, Jeep, Lancia, Maserati, Mopar, Opel, Peugeot, Ram, and Vauxhall. At the time of the merger, Stellantis had approximately 300,000 employees, a sales presence in more than 130 countries, and manufacturing facilities in 30 countries. Etymology The name comes from the Latin verb stello and carries the meaning "of him (latin masculine suffix) that brightens with stars". History In early 2019, Fiat Chrysler Automobiles (FCA) sought a merger with French automaker Renault and reached a provisional agreement with the company. The behavior of the French government during negotiations led to the abandonment of the deal; The Economist reported that "for FCA, this portended future interference". Nissan also had various concerns about the impact of the proposal on its alliance with Renault. Subsequently, FCA approached Peugeot S.A. (PSA). The merger agreed to in December 2019, was to create the world's fourth-largest carmaker by global vehicle sales with expected annual cost savings of €3.7 billion, or about US$4.22 billion.